Price ceilings during times of war cause consumers' surplus to fall relative to its magnitude without market intervention.

Name: Price ceilings during times of war cause consumers' surplus to fall relative to its magnitude without market intervention.
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Question

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Price ceilings, when set below the equilibrium price, can actually increase consumers' surplus by making goods more affordable to a larger number of consumers, despite potential negative effects like shortages.

Price Ceilings During Times of War Cause Consumers' Surplus to Fall